Gilat Satellite Networks
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gilat Satellite Networks beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share grew.
Margins contracted across the board.
Gilat Satellite Networks reported revenue of $97.4 million. The three analysts polled by S&P Capital IQ expected to see revenue of $93.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.18. The one earnings estimate compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS were -$0.58 for Q4 versus -$0.28 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.7%, 230 basis points worse than the prior-year quarter. Operating margin was 4.2%, 40 basis points worse than the prior-year quarter. Net margin was -24.9%, 1,260 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $78.9 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $354.7 million. The average EPS estimate is $0.21.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 138 members out of 142 rating the stock outperform, and four members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Gilat Satellite Networks a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gilat Satellite Networks is buy, with an average price target of $4.50.
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